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Intern - Development

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The Michaels Organization

2mo ago

  • Internship
    Full-time
    Summer Internship
  • Real Estate & Property
  • Alexandria

AI generated summary

  • You should be pursuing a relevant degree, possess strong problem-solving and analytical skills, excel in Excel and PowerPoint, manage time well, and work 35+ hours weekly.
  • You will analyze multifamily real estate developments, assist in underwriting and project delivery, and support special projects for the Development team.

Requirements

  • Progress towards a bachelor’s degree (preferably in Finance, Economics, Real Estate, or in another quantitative or business-related field but not required)
  • Strong problems solving skills and a desire to put them to use in a meaningful way
  • The intellectual curiosity to truly learn about all aspects of our business and new tools/skills
  • Excellent time management and organizational ability
  • A diligent work ethic and desire to work in a fast-paced environment that supports a balance of independent work and team collaboration
  • Strong analytical, research, financial modeling, and presentation skills using MS Excel and PowerPoint.
  • Knowledge of financial modeling, cash flow analysis and sensitivity analysis utilizing NPV and IRR.
  • Ability to work a minimum of 35 hours per week during the school year

Responsibilities

  • The Real Estate Development Intern will work collaboratively with the Mid-Atlantic Development staff, focusing on business development, pre-development and close-out activities.
  • This includes performing analysis of proposed multifamily real estate developments that qualify for low-income housing tax credits or market-rate rental housing financed with debt and equity.
  • The Development Intern works in a collaborative environment on the underwriting, pursuit, closing and delivery of multiple multifamily housing communities.
  • The Development intern will assist the Regional Vice President of Development in special projects.

FAQs

What is the duration of the internship?

The internship is designed for the school year, but specifics on the duration can vary based on academic schedules.

What is the work schedule for the intern?

The intern will work Monday through Friday from 9 AM – 5 PM for a total of 35 hours per week.

Where is the internship located?

The internship is based out of Alexandria, VA.

What are the main responsibilities of the Real Estate Development Intern?

The intern will assist the Development team in business development, pre-development, and close-out activities, including analyzing proposed multifamily real estate developments.

What qualifications are required for the intern position?

Candidates should be progressing towards a bachelor’s degree, preferably in Finance, Economics, Real Estate, or a quantitative/business-related field. Strong problem-solving skills, analytical abilities, and proficiency in MS Excel and PowerPoint are also important.

Is prior experience in real estate required for this internship?

No prior experience is required, but a genuine desire to learn about the real estate business and strong analytical skills will be advantageous.

Will the intern work independently or as part of a team?

The intern will experience a balance of independent work and team collaboration while working alongside other interns and experienced team members.

Is there any networking opportunity during the internship?

Yes, interns will participate in company-wide and departmental meetings, events, and various social, professional, and networking opportunities.

What type of projects will the intern be involved in?

The intern will work on real projects involving the underwriting, pursuit, closing, and delivery of multifamily housing communities.

Is there compensation for this internship?

The salary range information is not provided, but it reflects the targeted base salary determined by various factors including skills and experience.

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The Michaels Organization

Communities That Lift Lives

Real Estate
Industry
1001-5000
Employees
1973
Founded Year

Mission & Purpose

The Michaels Organization is a national leader in residential real estate, offering full-service capabilities in development, property management, construction, acquisition, and investment. Committed to crafting comprehensive housing solutions, they focus on creating communities that Lift Lives. By integrating innovative design, quality construction, and exceptional property management, The Michaels Organization aims to enhance the living experiences of residents and foster vibrant, inclusive communities across the nation.

Culture & Values

  • Carpe Diem and Then Some

    If you see a chance to make a difference, don’t wait until the time is right. The time is now.

  • Our Status Is Never Quo

    We remain open to possibilities, ever curious about the next big thing for all of us. Don’t be afraid to use your voice and to recommend we try something new.

  • Let's Go Out A Little Further

    Pioneering, innovating, and “going beyond” are all part of our DNA, so if you see a chance to go out a little further, take it.

  • I Got Your Back

    We respect our individualism while knowing our success depends on this golden rule: all for one and one for all. Together we build communities.

  • Walk The Job

    We plan carefully, we triple-check. We talk with and learn from one another. Our partners learn to trust our point of view because we’ve actually been there and done that.

  • Keep It Real

    When we say we’ll do something, we do it. We speak up, and more importantly, we listen.

  • Do Well By Doing The Extraordinary

    We invest in people, living and learning; anything we can do to help lift lives to the next level, and build great equity for all involved.

  • Laugh Anytime

    We take our mission seriously, but never ourselves. Seriously, we work hard, play hard, and believe in laughing out loud.